Management is an interdicipline body of knowledge associated with bureaucracy, public relations, skills development, business strategies, product development, equity, quality assurance, and personnel, outsourcing, benchmarking, portfolio, franchising, and group dynamics.
Management, practically defined, is the process of defining corporate objectives through various kinds of resources, especially human resources, the acts of getting the corporate jobs done through people.
The responsibilities of managers can include coordinating the human resources to achieve high value corporate objectives, making effective decision, and creating both short term and long term action plan to ensure the achievement of corporate goals to satisfy the both customers and stakeholders.
There are four components of management:
Planning: Manager must make the most of every available resouces by creating effective execution plan about how the company is organized to achieve the predetermined high value corporate objectives.
Organizing: Manager must organized the human resources to get the corporate jobs done through delegation, empewerment, training, team work, leadership, system creation and other crucial business aspects.
Controling: The company must fuction in optimum levels toward the achievement of the desirable objectives, discarding lower value activities and concentrating on higher value activities to ensure the optimum results in the use of rare resources such as time, money, space, market shares.
Coordinating: Manager must ensure aimed the alignment and harmonization of the contributions of various components of the organization through
control and system design to ensure that the activities and processes of the organization are conducted in accordance with the corporate rules and objectives.
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